Credit Card Fees Explained
Credit cards are a paradox. They’re the simplest thing to understand: you buy something by presenting your card, take your purchase home, and pay later. At the same time, it’s almost impossible for some consumers to comprehend how they accrued so much credit card debt, and why it seems to keep increasing with every week…
Read MoreHow Do I Keep My Customers’ Information Safe From Hackers?
The word ‘hacker’ is a scary one. It conjures images of super-genius programmers breaking into your computer system, crashing it, and stealing all your money. In the movies, hackers frantically run their hands over keyboards and attack your system in seconds. In the real world, hacking is laborious and complex, and it takes far longer.…
Read MoreAm I PCI Compliant if I Have an SSL Certificate?
The Payment Card Industry (PCI) is a regulatory body that is recognized by card networks and payment processors. It has established a list of 12 guidelines sub-divided into 6 categories. Abiding by these recommendations ensures your customers can safely pay you via credit card. There’s no physical (or virtual) document to prove compliance. Having an…
Read MoreIncrease Your Sales by Accepting Credit Cards
Are you presenting the most convenient shopping experience for your customers? Modern era convenience encompasses so many things, such as online shopping as well as swift delivery. Even in brick and mortar stores, the shopping and paying process has been streamlined for extra convenience. This is most evident in credit and debit card acceptance. There…
Read MoreGive Your Customers a Better Shopping Experience
In some parts of the developing world, seeing someone take out a card to pay at the grocery store elicits groans. First off, the payment process is cumbersome. The customer has to produce ID, input their PIN, then wait for a manager to come so they can sign their receipt. Fortunately, card payments aren’t as…
Read MoreShould You Use Wireless Credit Card Processing?
Wireless card processing enables merchants to accept credit cards on mobile credit card readers, at any time at any location. Wireless card processing can utilize specialized mobile POS (point of sale) terminals, although merchants increasingly prefer wireless card processing services that are compatible with smartphones. Wireless card processing can be long-range or short-range. Long-range wireless…
Read MoreCard Payment Processing Options for Large Businesses
The perceived size of your business is relative. Some people gauge it by the number of employees or locations you have, while others focus on your revenue. Credit card companies divide businesses into four levels depending on transaction volume. Level 4 merchants process 20,000 transactions every year while Level 1 merchants transact over 6 million…
Read MoreHow Can My Business Accept Credit Card Payments Online?
In some ways, running a shop is easy. You stock it and take money from customers. They might give you cash, checks, or credit cards, and you might have a cashier or a self-checkout counter. Credit cards seem like the easiest option – one swipe and you’re done! In this sense, online stores may seem…
Read MoreHow the Credit Card Chargeback Process Works
Chargebacks are a risk when you accept payment by credit card. Chargebacks are almost always a result of a dispute raised by the customer, but sometimes banks can raise disputes as well. So why do chargebacks happen? The 4 most common reasons why chargebacks happen: Fraud: the credit card has been used without the authorization…
Read MoreIs a Chargeback the Same as a Refund?
A chargeback and a refund may be similar for a customer, but they are very different for the merchant. A chargeback occurs when a customer disputes a charge processed by a business. The amount charged to the customer’s credit card account is refunded, and the amount is deducted from the business’s banking account, along with…
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